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Piper Sandler gives a Neutral recommendation for Vicarious Surgical Inc (RBOT)

NUE

In a filing, Vicarious Surgical Inc revealed its CEO Sachs Adam David unloaded Company’s shares for reported $9507.0 on May 20 ’24. In the deal valued at $0.39 per share,24,502 shares were sold. As a result of this transaction, Sachs Adam David now holds 1,705,718 shares worth roughly $0.61 million.

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Then, Khalifa Sammy sold 19,601 shares, generating $7,607 in total proceeds. Upon selling the shares at $0.39, the Chief Technology Officer now owns 1,196,376 shares.

Before that, Kelly William John sold 6,546 shares. Vicarious Surgical Inc shares valued at $2,540 were divested by the CFO and Treasurer at a price of $0.39 per share. As a result of the transaction, Kelly William John now holds 511,295 shares, worth roughly $0.18 million.

Piper Sandler downgraded its Vicarious Surgical Inc [RBOT] rating to a Neutral from a an Overweight in a research note published on March 04, 2022; the price target was decreased to $7 from $16. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Cowen began covering RBOT with “an Outperform” recommendation on December 07, 2021. Canaccord Genuity started covering the stock on November 05, 2021. It rated RBOT as “a Buy”.

Price Performance Review of RBOT

On Tuesday, Vicarious Surgical Inc [NYSE:RBOT] saw its stock fall -6.79% to $0.36. Over the last five days, the stock has gained 7.86%. Vicarious Surgical Inc shares have fallen nearly -3.05% since the year began. Nevertheless, the stocks have fallen -82.83% over the past one year. While a 52-week high of $2.45 was reached on 01/10/24, a 52-week low of $0.20 was recorded on 04/05/24. SMA at 50 days reached $0.3110, while 200 days put it at $0.4625. A total of 0.33 million shares were traded, compared to the trading of 0.61 million shares in the previous session.

Levels Of Support And Resistance For RBOT Stock

The 24-hour chart illustrates a support level at 0.3350, which if violated will result in even more drops to 0.3145. On the upside, there is a resistance level at 0.3830. A further resistance level may holdings at 0.4105. The Relative Strength Index (RSI) on the 14-day chart is 56.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0639, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.21%. Stochastics %K at 69.46% indicates the stock is a holding.

The most recent change occurred on October 18, 2021 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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